Day One: July 23rd 2019 Reimagining The Purpose of Your Branch Network
Tuesday, July 23rd, 2019
After the market crash of 2008, financial institutions everywhere felt the need to start closing branches to save money. It would reduce rent prices and staffing prices and would account for the rapid move to digital banking that was starting to make some of those branches irrelevant. The rampant shuttering of branches has slowed down in the past two or three years and now, banks are even starting to open some branches. Why? Because branches still remain the best way for a bank to enter a new market and they are the biggest sources of revenue for a bank. Join this session to hear about the strategy behind adding new branches to your footprint and what best practices are:
•The reasoning behind adding branches to your footprint
•Understanding the strategy behind where new branches should be located
•Knowing how many you can add given the current trend of closures
Our keynote will take five minutes of Q&A from the audience!